The fertiliser maker is implementing a stabilisation plan after shares plunged over debt load
Omnia Holdings CEO Seelan Gobalsamy. Picture: FREDDY MAVUNDA
The Sakhile 1 scheme, launched in April 2007, has been a casualty of the spectacular fall in Omnia’s shares in the past few years as the company buckled under a pile of debt.The deal will give the employees another shot at owning a stake in the chemicals and fertiliser maker while it will also enable Omnia to maintain its BEE credentials.
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